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Every business in Little Falls, MN, even if it’s a home business, should have a general liability policy. This policy will cover damages and provide defense if your employees, services, or products cause any property damage or bodily injury to a third party. Besides a general liability policy, there will be some other insurance policies to consider based on your business needs. An agent at Hanneken Insurance Agency Inc. can help determine your risks and the best policies.

Property insurance can be useful if you have your own building or have a lot of business property, such as computers, inventory, or tools. This policy will protect these items from vandalism, theft, and fire.

Workers compensation insurance is necessary for employees in Minnesota and will provide medical benefits and wage replacement for employees who are injured while on the job. Without this, you could face stiff penalties and it not only protects you but your company as well from any legal complications.

Professional liability insurance can also be called errors and omission insurance and will provide damages and defense if you fail to or improperly render any professional services. Businesses that can use this type of insurance are any professional firm, which includes consultants, lawyers, insurance agents, hair salons, and accountants.

Commercial auto insurance will be needed for any company vehicles. You can insure any vans, trucks, or work cars from collisions and damages. If you don’t have company vehicles but employees are driving their own cars for business, then a non-owned auto liability policy will protect your business in the event that your employee doesn’t have insurance or not enough insurance.

A business owner’s policy can package insurance that a business owner needs. Based on specific needs, it can be altered to provide property protection, liability insurance, and vehicle coverage.

Protecting your home is a top priority. It’s your refuge, your own space in this large world. Without home insurance, you put this invaluable asset at risk. Whether you have a mortgage or not on your property, having home insurance is a smart way to protect your investment. But how do you find the right home insurance in Little Falls, MN? Read on to find out.

1. Compare Quotes

When shopping around for home insurance, it is best to get at least two quotes to compare. More is better. When you have a few quotes in front of you, you will get a better idea of costs, what’s covered, and other important factors. A qualified agent at Hanneken Insurance Agency Inc. can help you go through each quote to find the best policy.

2. Bundle Policies

If you’re looking to save money on a home insurance policy in Little Falls MN, consider bundling policies together under one insurance company. For example, you can bundle your auto, commercial, boat, RV, and any other insurance policies you have to save money on your premiums. Insurance companies love to reward the loyalty of their customers by offering this bundle savings.

3. Use a Reputable Agent

Finally, choose to work with an agent who has a history of customer satisfaction and who is knowledgeable and easy to work with. This goes a long way when looking for home insurance for your primary residence or even a vacation home.

At Hanneken Insurance Agency Inc. serving the Little Falls area, we are dedicated to finding you the right home insurance at the right price. Our agents are standing by to answer all of your questions and help guide you through the home insurance buying process.

There are many different factors that can affect your car insurance rates. Here at Hanneken Insurance Agency Inc. serving Little Falls, MN. we are often asked if the value of your car will affect your rates. Here is what you need to know about this topic.

Does the Value of Your Car Affect Car Insurance Rates?

Many people are worried that if they buy an expensive car, their car insurance rate will increase. They worry about how the value of their car will affect the rate, if at all. The value of your car can affect your car insurance rates. However, the value of your car is not the only factor that affects your rates. Two people with the same driving record, and with two different cars with the same value may still have two very different car insurance rates.

What Other Factors Affect Car Insurance Rates?

Aside from your driving record and the value of your car, there are a few other factors that can affect the price you are quoted for car insurance rates. One such factor is the theft rate for the type of vehicle you have. Another factor is how much repairs are, on average, for the make and model of car you have if it is involved in an accident. The number of miles you drive and the address where the vehicle is housed can also affect how much your auto insurance rates are.

The value of your car can affect your auto insurance rates, but many other factors can as well. If you are in the market for a new auto insurance rate, Hanneken Insurance Agency Inc. serving the greater Little Falls, MN. area can help. Contact us today to inquire about a quote and to learn what factors can affect your car insurance rates.

Even the most finely planned budget can get wrecked by health care costs. If you want to keep your health care costs to a minimum you must be proactive. Taking certain steps to keep yourself healthier will go a long way toward saving your wallet, not to mention making you feel better in the long run. Supplements can help.

Start With The Basics

Everyone should take a basic multi-vitamin and multi-mineral. Many health issues are caused by simple vitamin deficiencies. Even things as simple as a vitamin D deficiency can manifest with symptoms of something far worse. Many doctors now are checking vitamin D levels when patients come in complaining of everything from depression to chronic pain. Another deficiency which causes many health problems is magnesium. A magnesium deficiency can cause muscle spasms and depression symptoms. Unfortunately, our American diets are not sufficient to provide us with the vitamins and minerals we need.

Do Your Homework

Do some research to see which of your symptoms might be related to a vitamin or mineral deficiency. You may think you are seriously sick when really you just need to increase your levels of certain vitamin or nutrient. It is also helpful to research other more natural ways to fight common conditions. There are supplements which can help with a myriad of issues. The downside is that many of these supplements do not work as fast as a regular medication. The bonus, however, is that taking a natural route is often much less expensive. If you are taking prescription medications, be sure to check with your pharmacists to make sure the supplements you choose will not interact negatively with any of your medications.

Supplements can help you maintain a greater quality of health and thus decrease your health care costs in the long run. To learn more about health care costs and insurance contact Hanneken Insurance Agency Inc. serving Little Falls, MN.

Living on a farm means that you have a wide range of tools, buildings, and equipment that isn’t typically found on the average property. If you own a dairy farm, your animals are your most likely a large portion of your household income, so they are just as essential as the farming equipment. If you are new to dairy farming and not familiar with the type of insurance you’ll need, the following will provide you with information about what to look for when you are buying insurance for your dairy farm.

Animal Collision

In the unfortunate situation where you’re herd is injured, your household finances will inevitably be injured as well. When it comes to coverage for your dairy livestock animal collision is an option that you can include with your livestock insurance. Coverage can vary, for example, you may want to consider injuries from unlikely sources, such as attacks by wild animals or damage from fire or lightning. Be sure to talk with an insurance provider for recommendations that best suit your needs.

Building and Equipment Coverage

The equipment and building coverage that you may need for a small dairy farm isn’t going to be the same as it would be for a large, corporate operation, but it is still essential. Your agent at the Hanneken Insurance Agency Inc. will have a better understanding of the trends and risk of farming that are specific to the Little Falls MN area. It is important to insure all of your property including buildings, equipment, and dwellings.

Milk Coverage

Operating a dairy farm means you heavily rely on the milk. Maintaining the right amount of coverage for the milk will help to protect your farm from almost anything unexpected. For example, contaminated milk can have a significant impact on financial losses. With the appropriate coverage, if any contaminant is introduced into the processing, milk coverage will protect your dairy farm from the unforeseen costs.

It is important to note that home insurance is completely different than farm insurance, even if you live on the farm. Typical home insurance generally will not protect you against the additional risks that come with owning a farm. So, it is essential that you talk with your insurance provider to help determine if you have sufficient coverage for your home as well as your dairy farm.

Minnesota state law does not require that people obtain life insurance, meaning that this coverage is completely optional. That said, it relieves the burden on family members to cover funerary expenses, and it can also help relatives to recover from the loss of income that they may experience when a breadwinner dies.

Important Definitions to Know

Your life insurance contract is referred to as a policy, and your premium is the amount that you pay to the company on a monthly basis. A claim, also called a death benefit, is the sum paid to survivors, called beneficiaries when the policyholder passes away. The insurance company is referred to as the insurer, and the insured is referred to as the owner of the policy. He or she is also the person who is responsible for making the payments.

Term life is a policy written for a specific number of years, and Permanent life lasts indefinitely, usually having a savings component to it, referred to as its cash value. Whole life utilizes investment instruments, such as CDs and bonds, and this is a type of Permanent life insurance. Universal life, also Permanent life insurance, works with minimizing tax liabilities, and it is good for business owners with a high net worth. Variable life insurance is another type of Permanent life insurance that works with growing mutual funds.

Hanneken Insurance Agency Inc. Wants to Help You

Residents of Little Falls MN can turn to Hanneken Insurance Agency Inc. for their indemnification needs, as we provide automobile, homeowners, health, life insurance, and a variety of other products. We will work hard to ensure you receive the package to best fit your situation, and we invite you to contact us to speak to one of our friendly representatives serving Little Falls, MN today!

As the cold seasons arrive, it is important to keep your most valuable assets protected. This, of course, includes your business.

The fall and winter seasons mean big drops in temperatures and potentially freezing rain, hail and snow storms. With the risk of a severe winter storm damaging your business, it is important to take a few key steps to protect your business and assets before the storm hits. The Minnesota Commerce Department suggests keeping important documents stored off-site, such as receipts, photos, insurance policies and more. It is also key to check the physical structure of the building to ensure that parts of it are in good condition, such as roofs, walls and floors. Using rock salt – or "road salt" – on sidewalks and entry ways that have become hazardous is effective at preventing falls due to ice or snow.

If you own the building in which your business is located, property insurance should cover damages caused by storms to the structure of the building or losses to other assets contained within the building. However, if you are leasing or renting the business space, it is the business owner’s responsibility to ensure their personal property and assets are covered with business insurance. Liability insurance is also important to have if an individual slips or falls on your business property due to ice or sleet.

Hanneken Insurance Agency Inc. offers a variety of business insurance solutions to protect your business and assets from damage or loss. Residents of Little Falls, MN should contact an agent to ensure their business insurance is up to date and sufficient to handle the winter weather.

For many parents in Little Falls MN, having a new teen driver in the house can be an exciting, yet stressful event. It’s only natural that you worry about their safety. As the parent of a teen driver, it is your responsibility to teach them how to be responsible and safe drivers. One of the most important things to do to ensure your teen is a responsible driver is to maintain auto insurance on their vehicle. To make sure you get the best coverage for your teen, here are 3 common mistakes to avoid when it comes to insurance for your teen driver.

Carrying a Low Deductible

The deductible is the amount paid before a claim with the insurance company will kick in. In most situations, carrying a higher deductible lowers your premium costs. The rates for teen drivers are generally higher, so having a high deductible also means high savings on the cost of your teen’s auto insurance premium.

Carrying a Policy Separate From Parents

One of the first options you will have when insuring your teen is whether or not to get a policy that is separate from yours. Many parents think that if they purchase a separate policy for their teen, the rates for their vehicles will not go up. While this is partially true, the rate for a teenager’s policy will be significantly higher for several reasons. First, they will have single policy coverage, which means there will not be a discount for multiply cars on the policy and in many situations; you will have to buy a high risk policy. In the long-run, it will cost more to purchase a separate policy than to include your teen on your policy.

Not Taking Advantage of Discounts for Teen Drivers

One of the most costly mistakes to avoid is by not doing your homework. By simply talking with your insurance provider about the discounts your teen may qualify for, you can have a significant amount of savings on the premium. Some of the discounts your teen may qualify for include:

Good student discount (for getting good grades)

Driving a vehicle with both driver and passenger air bags

Automatic seatbelts discount

Safe driver (no violations for a specific period of time)

Take a driver’s education class

When it’s time to insure your teen’s vehicle, be sure to take your time and compare your options. Talk with your current insurance provider about optional policies. Along with ensuring your teen is properly insured, it is also important to talk with your teen about the rules of road and being a safe driver.

Residents of Little Falls, MN who want to review or upgrade their current insurance policy should contact Hanneken Insurance Agency Inc.

Standard home insurance policies typically have limits for the coverage of expensive items in a home. Homeowners that have valuable items such as family heirlooms, jewelry, artwork, expensive electronics, home theater systems and more, benefit from getting extended coverage to protect them. Talk with your agent at Hanneken Insurance Agency Inc. serving Little Falls, MN and the surrounding area to better understand any limits under your existing home insurance or new insurance that you are considering.

Here are some tips about what to do to make sure valuable items have adequate protection and insurance coverage under a home insurance policy and/or extended coverage:

Make a Home Inventory: A home inventory is a list of all the valuable items in the home with any information that is available about the purchase price or replacement costs. Take photos of the items and record a video walkthrough of the home showing the placement of the valuable items in the home.

Appraisals: Have valuable items appraised by a qualified appraiser. Keep this information about the appraisal in a fireproof safe or off-site to avoid losing the information when it is most needed.

Install a Home Security System: Home security systems with video monitoring of the premises are a good deterrent to help prevent home burglaries.

Safeguard Valuables: Along with a home security system, having a home safe makes it more difficult for burglars to steal smaller personal items such as jewelry.

Update Coverage When Necessary: When things change and valuable personal items are acquired or sold, update insurance coverage appropriately. Often overlooked, are valuable items that are received from an estate as part of an inheritance.

The easiest way to make sure insurance coverage is adequate is to work with your agent at Hanneken Insurance Agency Inc. in Little Falls, MN. Make an appointment to go over the coverage offered by an existing home insurance policy and to add or update extra coverage for valuable personal items as needed.

If you are in the agricultural sector, farm insurance is a coverage you can’t afford to ignore. Instead of getting an ordinary insurance plan, you need a policy that’s specifically designed to suit your crop, farm, and livestock protection needs. Hanneken Insurance Agency Inc. is one of the reliable Little Falls, MN insurers that you can contact when you need any farm insurance policy.

What will farm insurance cover?

Since no two farms are alike, your insurer can offer a coverage that’s designed to suit the activities you undertake in your farm. But, the main types of coverages in farm insurance include:

Farm liability coverage – It protects you from financial problems arising from liability claims, expenses related to damage to another person’s property, bodily injury to another person, legal defense bills, and medical expenses.

Dwelling coverage – It will protect your residence in case of weather disasters like lightning, tornadoes hail, or fires. This policy also covers vandalism.

Equipment coverage – It protects your harvester, tractors, and refrigeration units, and other equipment you have on your farm.

Livestock coverage – This policy will protect all your livestock against catastrophic death caused by wildfire and tornadoes. The animals can be protected under one blanket policy for one overall value, or they could be scheduled individually.

Outbuilding coverage – It protects the structures on your property that serve a purpose in the farm. This may include barns and outhouses.

Those who farm for business purposes can consider other additional coverages like the commercial vehicle, worker’s compensation, loss of business income, and errors and omissions.

If you own a farm in Little Falls, MN, consider contacting us at Hanneken Insurance Agency Inc. and we’ll help you get the right coverage that suits your needs.